The investment will help TrusTerra enhance its Deep tech capability and Instant Sell feature for used EVs
TrusTerra, India’s first AI-backed marketplace for used electric vehicles (EVs), today announced raising ₹9 Crore in a Pre-Seed funding round led by Finvolve and India Accelerator, with co-investment from GrowthCap Ventures and participation from strategic angels including Shishir Maheswari (MD, E-Mobility/Eversource Capital), Samrath Jit Singh (Founder, Trontek Batteries), Ayush Lohia (CEO, Lohia Auto), Kapil Nirmal and other EV and fintech ecosystem investors.
The fresh capital will be deployed to scale TruEV Score™, India’s first AI-driven metric for EV health, and establish it as the benchmark for resale and financing. TrusTerra will expand its web and mobile marketplace across India’s top EV adoption cities and into Tier-2 markets, strengthen partnerships with OEMs, NBFCs, banks, and dealers, and invest in senior technology, operations, and business development hires. The company will also scale TerraCash™, its instant-sell platform, to accelerate liquidity in the used EV market.
“With our TruEV Score™ and instant-sell marketplace, TrusTerra is unlocking trust and liquidity in India’s pre-owned EV market,” said Tanvir Singh, Co-founder & CEO, TrusTerra.
This vision aligns with TrusTerra’s mission to build the resale backbone of India’s EV revolution, where battery health transparency and resale trust are essential for mass adoption.
Commenting on the investment decision, Ashish Bhatia, Founder & CEO of India Accelerator and Co-Founder of Finvolve said, “Used EV resale and battery health transparency are emerging as key drivers for EV adoption at scale. Without addressing these two pillars, the industry’s growth remains fragile. TrusTerra’s early traction and innovative approach convinced us they are not just solving a challenge but building the backbone of a truly sustainable EV resale ecosystem that can endure and expand.”
The backing from India Accelerator and Finvolve underscores investor confidence in solutions that can accelerate EV adoption by addressing two of the sector’s biggest pain points, resale value and financing access.
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Pratekk Agarwaal, Founder & GP at GrowthCap Ventures, said: “TrusTerra’s TruEV Score™ has the potential to do for EVs what the Bureau score did for credit. By enabling trust in resale and unlocking financing, they are addressing one of the most critical barriers to clean mobility. We are excited to support this mission.”
With India’s EV market projected to reach 10 million annual sales by 2030, industry experts believe that resale and financing infrastructure will be critical for sustaining this growth, a gap that TrusTerra aims to close with its AI-backed marketplace.
Since inception, TrusTerra has onboarded 150+ dealers, evaluated 2,000+ used EVs for resale, and facilitated transactions worth over ₹3 Crore. Its TruEV Score™ is already being piloted with OEMs, NBFCs, and fleet operators, generating strong interest from lenders and manufacturers. Over the next 18 months, TrusTerra aims to certify 20,000 used EVs across 20+ cities, expanding its presence through its web and mobile marketplace that enables customers, dealers, and financiers to trade used EVs with verified battery scores and instant financing.
About TrusTerra
TrusTerra is India’s first AI-driven marketplace for pre-owned electric vehicles, offering solutions such as TruEV Score™, TerraCash™, and TerraBid™ to bring transparency, trust, and liquidity to India’s fast-growing EV market. Founded by Tanvir Singh, Saurabh Arora, Madhu Reddy, and Chanakya Agarwal, TrusTerra is building the resale backbone of India’s EV revolution.
